Tag: Services

Raymond to replace 10,000 jobs with robots in next 3 years

Raymond to replace 10,000 jobs with robots in next 3 years

Behl said that a closely monitored team is working on this technology implementation models. CHENNAI: Automation has claimed its first casualty in India. Textile major Raymond is planning to cut about 10,000 jobs in its manufacturing centres in the next three years, replacing them with robots and technology.

Explaining the move, Raymond CEO Sanjay Behl said the company employs over 30,000 staff in their 16 manufacturing plants in the country.

"Roughly 2,000 work in each plant. Through technological intervention we are looking to scale down the number of jobs to 20,000, through multiple initiatives in technology. One robot could replace around […]

Job Automation Will Cost 6% of US Jobs in 5 Years

Job Automation Will Cost 6% of US Jobs in 5 Years

Job automation will cost 6% of all jobs in the U.S. by 2021. That’s nearly 8.9 million jobs in five years. The 6% figure is according to a new report by Forrester Research . According to the study, the job loss won’t be uniform across all fields, industries and positions. However it also won’t be limited to manufacturing as it has in the past. Rather, Artificial intelligence (AI), robots, automation and machine learning will destroy vastly more than 6% of jobs in select industries like transportation (think driverless Uber) and trucking, customer service, logistics and consumer services. Jobs in […]

AI, Robots to Eliminate 6 Percent of US Jobs by 2021, Report Says

AI, Robots to Eliminate 6 Percent of US Jobs by 2021, Report Says

According to a new report, robots and artificially intelligent machines will be taking over 6% of all jobs in the US, including customer service and transportation. (Photo : Steve Jurvetson / Creative Commons / Wikimedia Commons) Robots and AI’s will be taking over 6 percent of U.S. jobs in the next five years.

According to a report by market research company Forrester, cognitive technologies will start eliminating customer service and transportation jobs as early as 2021. Apart from these industries, the impact will also be felt in logistics and consumer services industries.

The report further details that the disruption will affect […]

Buddhist Economics: Economics as if People Mattered

Buddhist Economics: Economics as if People Mattered

Economics Should Be About People, Not About Wall Street

By John Lawrence In Buddhist economics there is the concept of “right livelihood.” Work is considered an essential component of human life just as play and leisure. Work of a craftsmanlike nature, work which is satisfying–not work that is stultifying, of an assembly-line nature. Work that nourishes the soul; this kind of work results in right livelihood.

By the same token, there is “right consumption.” This is as contrasted with the unlimited consumption advanced Western societies and pushed on their citizens through advertising and other means in order to have […]

Study says 63% of Indian employees believe automation will take over process-based work

NEW DELHI: Indian workplaces seem to have woken up to the reality called automation. According to a study by US-based HR firm ADP, nearly 63% of employees in Indian offices believe automation and artificial intelligence will eventually replace people doing process-based, repetitive work.

But that does not deter them because around 61 per cent of those surveyed welcome the automation trend. Employees in India, in fact, were more positive than their counterparts from across Asia in terms of automation, says the ADP survey.

It is no surprise that employees are already thinking about their future in the workplace. Indian employees were […]

Study says 63% of Indian employees believe automation will take over process-based work

Study says 63% of Indian employees believe automation will take over process-based work

"Employees in India, and China, are more likely than workers in Australia and Singapore believe that trends will impact them," says John Antos, VP Marketing, APAC for ADP. NEW DELHI: Indian workplaces seem to have woken up to the reality called automation. According to a study by US-based HR firm ADP, nearly 63% of employees in Indian offices believe automation and artificial intelligence will eventually replace people doing process-based, repetitive work.

But that does not deter them because around 61 per cent of those surveyed welcome the automation trend. Employees in India, in fact, were more positive than their counterparts […]

Econometer: Will robots take SD jobs?

Econometer: Will robots take SD jobs?

New recruit "Pepper" the robot, a humanoid robot designed to welcome and take care of visitors and patients, holds the hand of a new born baby at AZ Damiaan hospital in Ostend, Belgium. Q: Given the trend toward more automated technologies, like self-driving Uber cars , do you think unskilled San Diegans will struggle to find work in the future? Phil Blair, Manpower

Answer: Yes

The lower your skill levels, the more prone you are to be laid off from your jobs due to automation/technology, outsourcing and irrelevant work. We all have a career manager, and it is us. […]

Uber will wipe out skills not jobs

Uber will wipe out skills not jobs

Uber’s announcement to add self-driving cars to its usual taxi services in the United States is as unexpected as it is indicative of the automated future of the sharing economy. Governments should limit their efforts to regulate the rapidly-evolving sharing economy and instead focus on developing relevant skills. Ride-hailing app Uber recently announced a pilot project testing the use of self-driving cars in the streets of Pittsburgh, Pennsylvania. The announcement was quite unexpected since the technology of automated passenger cars is not even close to hitting the markets. There are major technological flaws to be resolved and regulators have […]

The Next Industrial Revolution

The Next Industrial Revolution

A “crisis of abundance” initially seems like a paradox. After all, abundance is the ultimate goal of technology and economics. But consider the early history of the electric washing machine. In the 1920s, factories churned them out in droves. (With the average output of manufacturing workers rising by a third between 1923 and 1929, making more washing machines was relatively cheap.) But as the decade ended, factories saw they were making many more than American households demanded. Companies cut back their output and laid off workers even before the stock market crashed in 1929. Indeed, some economists have said […]

Robots are after our jobs: what can we do?

Robots are after our jobs: what can we do?

Photo: The Asahi Shimbun via Getty Images Will smart automation, intelligent software bots and brainy robots take away our jobs anytime soon?

Pose this question to any Indian working in a company where unions are strong, or to any Indian who has a government job, or to the majority of Indians who work in the unorganized sector—those who drive taxis, trucks pull handcarts, hawk goods on footpaths or are employed as maids—and you will, in all probability, be looked at askance or even dismissed as an uninformed prophet of doom.

The reaction may not be surprising in emerging countries like India, […]